Binary Mate has been a broker which has been developing at a rapid pace since its beginnings. The number of clients is increasing from day to day, due to the constant development of the company in terms of the assets they provide and the level of expertise. Since investing in the right asset is what is of the greatest importance when it comes to binary trading, Binary Mate seems it has gone the extra mile to assure that the traders get all the things they need to make the right decision. They provide different binary options types for their clients, and they put a great effort in the customer service in order to eliminate all the possible confusions. Here‘s our full Binary Mate review!
About Binary Mate
Binary Mate is a binary broker which appeared on the binary trading market in 2015. It is a relatively new platform, but according to Binary Mate reviews from users, the platform really provides everything that a trader needs. Even the name itself suggests that this broker will be your “mate” in achieving your trading aspirations.
If you are visiting their website for the first time, you will immediately encounter an online video chat tab, which you can use to initiate a conversation with one of their staff. The employees at Binary Mate will be your guides through the live chat and they will tell you everything you need to know about the platform, the types of binary options and the different possibilities that the platform offers. You will get the opportunity to chat with a staff member when you register an account.
The company itself claims that they provide the users with the most modern and advanced web platform for binary trading which is user-friendly and has a great interface, and according to what customers said in their Binary Mate reviews, they all seem to agree. Keeping in mind that you have the live chat option, another great plus is that you will be able to accurately see all the date which you will need for your trading deals, such as the amount, expiry times, pay out, and of course, the different binary options, according to Binary Mate reviews
For the users who are on the move, Binary Mate devised a mobile app which users can download from the Google Play Store and Apple App Store. The app is nicely packed and it has all of the options which the web platform contains, wrapped in a handy mobile app.
There are many things that make Binary Mate a great platform for traders. Besides the things we have mentioned so far in this Binary Mate review, there are other pros which make this broker a trustworthy one. Such advantages are the large selection of deposit and withdrawal methods. You can choose between the options they offer, and at the same time you will not need to worry because all of the transaction are 100% safe and secure. Plus, all withdrawal requests will be processed in no more than an hour, meaning that you will have the money in your account in no time! We will explore the different advantages in-depth later in this Binary Mate review.
Binary Mate Account Types
Binary Mate offers different types of account to its users, depending on the goal they are trying to achieve and the amount they are willing to deposit. Clients can choose between three different types of accounts:
- Bronze Account
The bronze account is the most affordable type of account which is made for newbies who are not willing to deposit a large sum of money. In order to gain access to a bronze account, you would need to invest an amount between $250 and $1.000. With this account, you will get the right to initiate a live chat with Binary Mate‘s staff, and will also get a 20% welcome bonus. All new users will also gain access to a demo account, which they can use to familiarize themselves with the trading platform and gain some experience without the risk of losing their investment. This is a great place to start from according to Binary Mate reviews from existing customers.
- Silver Account
The Silver Account offers more options than the Bronze Account, and naturally, the deposit you would have to make is bigger – $1.000 to $3.000. By obtaining a Silver Account, users will receive all the advantages that the Bronze Account has, plus some other additional features, such as a Master Class web session with experts, and 3 risk-free trades. A risk-free trade means that if your trade ends in failure i.e. if you lose your investment, your loss will be compensated by a bonus from the company. The Silver Account is the most popular and the most sought-after account by the users.
- Gold Account
The Gold Account is the most expensive one which this broker offers, but of course, it is packed with some great advantages which can help you achieve your trading goals. The Gold Account comes with all the features that the Silver Account has, but of course, it has some unique advantages which will come in handy. With the Gold Account, not only you will get access to a Master Class web session, but you will also be assigned a personal success manager, and you will receive your own Swiss prepaid card. The cost of this account ranges from $3.000 to $10.000, and it comes with a 100% welcome bonus.
Binary Mate‘s Customer Service
We already mentioned in this Binary Mate review that the broker offers the option to chat live with a person from their team. However, when it comes to some other means of contact, it seems like this broker is slightly falling behind the competitors. In order to find the other ways to contact them, you would have to go to the bottom of their website and click “Contacts”. On the contact page, you will find a contact form which you can use in order to ask a question you might have. The contact team will contact you as soon as possible, but the expected reply time is not mentioned anywhere on the website. Additionally, in the Contacts tab you will find six telephone numbers which you can use to contact the customers service 24/7. You can give them a call at any time in the USA, Russia, Hong Kong, Thailand, Singapore and Australia.
This is pretty much all the Binary Mate offers as a customer service. When compared to the other brokers, this seems like a weak effort. But still, considering the fact that this is a relatively new broker, there is still room for improvement, and that should be done in the shortest time possible.
Binary Mate Education
While other brokers seem to be offering much under their education tab, Binary Mate seems to be falling behind again. If you head to their website and visit the education tab, you will notice that the only thing you will find there is the FAQ section. It is divided into four subcategories: Offers, My Account, How to Begin and Trading. Sure, you can find some valuable information there and find an answer to your questions, but if you compare Binary Mate to other brokers on the market which offer video tutorials and eBooks, this seems like a joke. So besides having to improve their customer service, Binary Mate need to do more about the education of the clients.
Deposit and Withdrawal Methods at Binary Mate
When your money is at stake, you always need to think about security. All of the transactions done through Binary Mate are 100% secure since they use the 256bit SSL encryption for all of the transactions. All deposits are safely transferred to a European Bank.
At Binary Mate, you will find many different deposit and withdrawal methods. Some of them are available to all traders, while some are available only to traders in certain counties. Traders from all over the world can deposit or withdraw money by using MasterCard, Visa, PayPal, JCP, American Express, OKPay and UnionPay. On the other hand, NETELLER is not available from countries in North America. In situated in Eastern Europe, traders can choose Qiwi Wallet or Yandex Money.
A truly great thing is that Binary Mate does not charge any fees when depositing or withdrawing money, which is a thing that the customers like according to their Binary Mate reviews, which of course, is not a surprise. However, if your selected deposit or withdraw method charges certain transaction fees, they will be applicable with no exceptions.
While Binary Mate seems to be lacking some of the features that other brokers have, that doesn‘t mean that this platform should be out of the question for you. In reality, Binary Mate has some awesome features which can help you achieve your trading goals. The fact that you can start with as little as $250 makes this platform accessible to all, even to those who are not able to deposit more or simply do not want to risk too much. Another great thing that we mentioned in this Binary Mater review is that the broker does not charge any transaction fees, which is really rare in the world of binary trading.
If you are considering to become a trader, but you are looking for a secure and great platform, be sure to consider choosing Binary Mate. Check out their website for more details, read more Binary Mate reviews, and start building a name for yourself in the binary trading world!